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    Real estate development
Bluemarq Group Joint Stock Company

Bluemarq Group Joint Stock Company

HHOSE:DXG
10,600.00
VND
+50.00
(+0.47%)
16.04TMarket Cap
Dec 02Next Earn
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
1,424.13
1,707.57
4,039.17
5,066.81
3,774.8
6,451.87
7,561.62
3,303.15
11,529.13
6,542.26
4,391.85
4,842.15
3,485.47
- -
Basic EPS, GAAP
344.04
566.18
916.54
1,031.64
984.45
1,636.71
1,582.3
-566.49
1,322.4
255.04
202.78
258.43
191.97
- -
Free Cash Flow per Basic Share
-548.99
1,032.26
265.05
-999.78
-1,503.82
-1,483.81
-2,437.59
-993.42
1,356.3
-4,809.93
-1,154.63
-1,473.21
1,067.4
1,127.21
Dividend per Share
8.68
53.23
92.29
95.09
392.81
661.05
623.58
492.45
342.34
400.7
89.63
10.45
82.79
3.01
Book Value per Share
2,458.49
2,743.32
3,260.91
4,293.57
5,000.2
6,414.94
7,978.35
7,032.32
10,020.87
10,321.87
10,498.28
10,446.36
11,220.72
11,281.38
Tangible Book Value per Share
2,408.84
2,741.38
3,199.01
4,230.86
4,835.77
6,257.48
7,841.67
6,727.53
9,702.7
10,058
10,267.78
10,257.5
11,097.31
11,170.21
Basic Weighted Avg Shares
241
296
345
495
763
720
769
875
875
842
848
990
1,203
1,128
Sales/Revenue/Turnover
342,591
506,181
1,394,505
2,506,517
2,879,241
4,645,319
5,813,578
2,890,654
10,089,385
5,511,715
3,724,826
4,795,471
4,191,885
- -
Operating Margin (%)
18.15
32.63
27.95
25.66
41.45
39.9
36.38
32.91
32.87
22.38
22.33
25.68
25.03
- -
Depreciation Expense
3,540
3,289
3,618
8,209
15,341
24,427
38,993
56,505
69,449
85,661
81,825
58,298
67,034
- -
Net Income, GAAP
82,764
167,834
336,629
537,204
750,891
1,178,427
1,216,515
-495,745
1,157,260
214,869
171,983
255,935
230,881
- -
Effective Tax Rate (%)
25.53
20.02
17.54
19.09
18.71
18.03
21.03
747.33
36.6
30.49
66.85
37.91
17.89
- -
Profit Margin (%)
24.16
33.16
24.14
21.43
26.08
25.37
20.93
-17.15
11.47
3.9
4.62
5.34
5.51
- -
Working Capital
402,806
862,626
1,470,043
3,099,422
5,113,577
6,698,143
9,789,590
9,404,521
11,998,319
15,115,931
14,612,182
15,667,035
19,622,412
19,737,627
LT Debt
69,714
119,109
282,586
494,135
1,871,224
2,394,395
3,336,531
3,876,368
1,517,105
3,748,480
2,698,544
3,325,422
2,650,742
2,860,773
Total Equity
663,615
1,072,227
1,771,359
3,537,355
4,653,845
6,199,094
9,227,821
9,084,041
13,381,475
14,084,932
14,186,368
15,202,281
20,882,509
21,113,456
Return on Invested Capital (%)
12.56
20.84
22.65
19.11
18.1
20.36
15.31
0.18
9.29
2.75
0.71
1.99
2.42
- -
Return on Capital (%)
11.58
12.74
13.79
13.55
8.17
9.59
6.2
-22.07
7.04
1.41
1.95
1.53
0.44
- -
Return on Common Equity (%)
13.92
20.52
24.47
21.14
21.28
26.74
20.29
-7.54
15.51
2.39
1.84
2.58
1.87
- -

Capital Structure

VND

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
2,145,043
2,201,796
2,306,062
LT Borrowings
2,650,742
2,618,596
2,860,773
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
1,268
1,268
1,268
Market Capitalization
19,021,770
16,185,190
16,041,528

Working Capital

VND

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
33,913,372
34,319,278
35,409,565
Cash, Cash Equivalents & STI
3,808,185
2,278,093
5,106,411
Accounts Receivable, Net
1,346,839
1,363,576
1,345,189
Inventories
15,657,589
15,800,681
15,985,699
Total Current Liabilities
14,290,960
14,650,412
15,671,938
Payables & Accruals
- -
- -
- -
ST Debt
2,145,043
2,201,796
2,306,062
Deferred Revenue
- -
- -
- -

Growth Rates

VND

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
30.96%
19.56%
37.36%
Free Cash Flow
-138.64%
-178.55%
-187.99%
Net Income, GAAP
-37.7%
-79.16%
-9.79%
Sales/Revenue/Turnover
31.82%
37.48%
-12.59%
Total Cash Common Dividend
218.75%
136.04%
861.84%

Quarterly Revenue

VND

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
1,064,682
1,125,936
1,013,080
1,591,773
4,795,471
2025
924,929
734,007
- -
1,437,098
4,191,885
2026
1,352,551
787,618
- -
- -
- -

Quarterly Earnings Per Share

VND

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
33.32
33.64
31.38
164.37
258.43
2025
47.55
80.08
- -
5.65
191.97
2026
34.81
41.86
- -
- -
- -

Quarterly Dividends Per Share

VND

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.28
0.58
3.63
6.1
10.45
2025
1.26
-0.34
- -
3.12
82.79
2026
- -
- -
- -
- -
- -

Company Description

Company Profile APIChatGPT
CEO
Duc Ngoc Bui
Full Time Employees
4,541
Sector
Finance
Industry
Real estate development
Address
Ho Chi Minh City Vietnam
IPO Date
Dec 22, 2009
Website
datxanh.vn
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Business
Bluemarq Group Joint Stock Company, formerly known as Dat Xanh Group Joint Stock Company, is a Vietnam-based real estate investment, property development, and asset management corporation. Founded in 2003 and headquartered in Ho Chi Minh City, Vietnam, the company operates across the real estate and financial services sectors through four core business divisions: Bluemarq Investment, Bluemarq Development, Bluemarq Asset Management, and Dat Xanh Real Estate Services. The company provides a diversified portfolio of products and solutions, comprising residential and commercial property development, including luxury condominiums, mid-to-high-end residential apartments, transit-oriented developments, and master-planned urban townships under brand portfolios such as Gem Sky World, The Prive, Opal, Lux, and Sunview; real estate investment and capital management, including investment structuring, capital mobilization, and fund management; property and asset management services, including commercial leasing, retail space administration, and facility operations for recurring cash flow; real estate agency and transaction services, encompassing primary project marketing, nationwide sales brokerage, real estate valuation, and secondary market distribution via its Dat Xanh Services platform; and infrastructure, general construction, and building materials supply. Bluemarq Group primarily serves institutional and individual property investors, residential homebuyers, and corporate tenants across key economic regions in Vietnam, including Ho Chi Minh City, Dong Nai, Binh Duong, Long An, Bac Giang, Khanh Hoa, and Vinh Phuc. In May 2026, the company executed a major corporate restructuring and officially rebranded from Dat Xanh Group Joint Stock Company to Bluemarq Group Joint Stock Company, signaling a strategic transition from a conventional property builder into an international investment and multi-asset management platform. Alongside this reorganization, the group realigned its project pipeline to focus on high-liquidity assets situated near major transportation corridors, expanded institutional capital partnerships, streamlined landbank holdings by divesting non-core peripheral assets, and scaled its Dat Xanh brokerage network to accelerate project distribution and cash recovery.